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Mortgage Underwriter 101 - "The Essentials"
Need Help? Call us today toll-free at 1-800-865-8550 Press 1
COURSE DESCRIPTION:
This instructor-led online training webinar is designed for any mortgage professional seeking formal instruction on the fundamental principles of residential mortgage underwriting. This introductory course provides a thorough review of mortgage terminology, best practices, and the 4 C's of underwriting. Learn the basics of credit, income, asset, and appraisal review in preparation for a successful career as a mortgage underwriter.
COURSE OUTLINE:
- Mortgage Terminology
- Loan Programs
- Loan Stacking Order
- Mortgage Roles
- Loan Originators
- Loan File Flow
- The 4 C’s of Underwriting
- Reference Guides
- Underwriter Duties
- Underwriter Responsibilities
- Underwriter Skill Sets
- Underwriting Authority
- Underwriting Tools
- Agency Guidelines
- Automated vs. Manual
- AUS Findings
- Forms 1003/URLA & 1008
- Credit Report Review
- Reference Guide
- Introduction to Income
- Introduction to Assets
- Introduction to Appraisals
- Reference Guide
- Multiple Practice Quizzes
**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.
COURSE FORMAT:
- Instructor-Led Online Webinar
- Duration: 24/7 Access for 1-Year
- Course Provider: CampusMortgage® (Our Training Division)
- All Course Materials are Downloaded as PDF Files
- Source Links Included -- Get Further Clarity & Updates
- Certificate of Completion Downloaded as a PDF File
- Job Search Resources (Upon Request)
WHO SHOULD ATTEND:
Aspiring mortgage processors & underwriters wishing to learn mortgage underwriting, from A to Z. Whether you're unemployed and looking to enter the mortgage underwriting profession, or you're currently working at a bank or lender as an underwriter or processor, this training program will provide the skills you need to succeed as an effective mortgage professional. Also ideal for loan processing & underwriting managers looking to train their existing staff on underwriting principles.
HOW IT WORKS:
As soon as you enroll, we will e-mail you links and passwords to access the Instructor-Led Online Webinar & Course Materials, so you can start taking the training IMMEDIATELY.
ABOUT THE INSTRUCTOR:
Each CampusMortgage® instructor has an average of 15+ years of prior mortgage related experience. Each instructor also draws from a different knowledge base that may include such areas as: mortgage underwriting, loan processing, FHA, VA, Conventional loans, Commercial lending, USDA Rural Housing Loans and more.
SYSTEM REQUIREMENTS:
You will need the following: 1) a Computer, 2) Internet (DSL or higher) and 3) Computer Speakers. Please check beforehand to make sure these items are working properly.
GRADUATION:
Upon successful completion of this course, you will be able to download & save your Certificate of Completion as a PDF file.
REFUND POLICY & TERMS OF USE:
Before purchasing any CampusMortgage® training class from NAMU®, we recommend you thoroughly read our Refund Policy & Terms of Use.
Need Help? Call us today toll-free at 1-800-865-8550 Press 1
